29 Spratt Court, Casey ACT 2913
29 Spratt Court, Casey ACT 2913
Compact 2-bed townhouse | ducted heating and cooling | tight rental market | school-catchment location | small fully fenced courtyard
This is a low-maintenance townhouse with practical appeal, positioned in Casey’s attached-housing segment. Ducted heating and cooling, a remote garage, and secure parking are supported by a courtyard and fully fenced yard. School catchment exposure to Gold Creek School and Gungahlin College strengthens its appeal. With Casey’s vacancy rate extremely low, demand for compact attached housing is steady. The property is best suited to first-home buyers, downsizers, or investors seeking reliable rental occupancy rather than those wanting large land or a detached house.
The 119 sqm land content and single bathroom may be seen as limiting for families, but the property is kept affordable and easy to maintain. Townhouse price growth in Casey has been flat, so short-term gains might be modest. Presentation and layout are likely to be decisive; a well-kept interior may be rewarded, while dated finishes might be met with less interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Spratt Court, Casey ACT 2913
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Casey, in Canberra’s northwest Gungahlin district, is a family-oriented suburb. Demand is led by young families and professionals commuting to Canberra, with government deposit schemes drawing first-home buyers. House prices have settled around $927,500–$947,500; annual growth is uneven at 6.46% and -0.95%, while units sit at $614,000 after a -1.44% decline. Houses sell in about 42 days, with 102–104 annual sales and a 4.1% gross yield; weekly rents reach $680, or $798 for four-bedrooms. Supply is tight, supporting prices. Future growth rests on continued residential development and northwest ACT infrastructure, but affordability is stretched and interest-rate sensitivity is a key risk.
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PropCred Estimated Value
Comparable Sales: 1/3 Deasey Close, Casey (2/1/1, sold $413,000 in 2020) | Property Price Band: $600,000–$700,000 | Value Drivers: condition, layout, courtyard presentation
Bedrooms
2
Bathroom
1
Parking
1
Land
119m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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